As a real estate agent, your listings are your bread and butter. It’s important to make sure they stand out from the competition and accurately showcase the features and benefits of each property. One tool that can help you create compelling
listing descriptions is GPT, or Generative Pre-trained Transformer.
GPT is a type of artificial intelligence (AI) that uses machine learning to generate human-like text. It can be used to write everything from news articles to marketing copy, and can be a valuable tool for real estate agents looking to create attention-grabbing listing descriptions.
To use GPT for real estate listings, you’ll need to provide the AI with some basic information about the property, such as its location, size, and key features. From there, GPT will use this information to generate a detailed and descriptive listing that highlights the property’s strengths and appeals to potential buyers.
One of the benefits of using GPT for real estate listings is that it can save you time and effort. Writing detailed and descriptive listings can be time-consuming, especially if you have multiple properties to list. With GPT, you can quickly and easily generate professional-quality listings that showcase each property in its best light.
Another advantage of GPT is that it can help you write listings that stand out from the crowd. With so many listings to choose from, it’s important to make yours stand out. GPT can help you create unique and engaging descriptions that catch the attention of potential buyers and set your listings apart from the competition.
In conclusion, GPT is a powerful tool that can help real estate agents create compelling and attention-grabbing listings. Whether you’re looking to save time or create standout listings, GPT can be a valuable addition to your real estate marketing toolkit. Learn more about Artificial Intelligence GPT here. Try using ChatGPT here.
As a hopeful buyer, you may have heard the terms home insurance and home warranty mentioned by your realtor or real estate agent. While they sound like similar things, they have two very different purposes.
Home insurance primarily protects your property from accidental damage caused by specific events like a flood or fire. A home warranty only covers particular components of your house and pays for the repair or replacement. Using both services means your house will be protected no matter what happens down the road.
Home Warranty
Home warranty policies are a great way to protect the inside of your house. Any time an appliance or system has a failure due to age or natural wear and tear, your service provider will pay for the parts and labor of the repair. However, if the broken component is too old or expensive to fix, the warranty company may just replace your machine with a brand new one.
Most home warranties cost about $30 to $50 per month, but that can vary depending on the service provider, geographic location, and level of coverage. Most contracts also only last a year, so you will need to renew annually.
Warranties cover a wide range of appliances and systems. Even the most basic levels of coverage will protect your refrigerator, stove, or dishwasher. Bigger plans will also protect other parts of your home like the HVAC system, electrical, or plumbing. For example, if you suddenly find yourself without a functioning air conditioner in the middle of summer, the service provider will help you find a repair service and pay the bill.
Home Insurance
Similar to a warranty, your insurance will protect your property from specific things. Damage created by storms, floods, fires, or theft are included in most policies, but it won’t pay for repairs caused by general use. So if you have a washing machine that stops working, you probably won’t receive any assistance from the insurance company. Instead, your provider would cover the costs of repairing your roof from hail damage or a broken window caused by a burglar, both of which wouldn’t be covered by a home warranty.
When purchasing your new home, your lender will require you to buy coverage before taking ownership of the house or completing the sale. That’s because they want to ensure the property is protected in case of natural disasters or accidents.
Home insurance policies usually cost anywhere from $300 to $1,000 a year, depending on your location, house size, building type, and the service provider. Like a home warranty, the coverage will need to be renewed annually.
Buying a house will likely be one of the most significant investments you will make in your lifetime. That’s why you should consider both warranty and insurance coverage to protect your new home. Whether you plan to stay in your new residence for years or eventually move your family to a bigger house, both services can give you peace of mind and save you thousands of dollars.
Buying or selling a home can be a long and sometimes difficult process, especially if you have never done it before. From working with an agent to hiring a real estate attorney it’s important you don’t miss any key steps throughout the process. Whether you live in Leominster, MA, Phoenix, AZ, Denver, CO, or Charleston, SC hiring a Real Estate Attorney and working with the right team of professionals will only ensure your homebuying or selling process goes smoothly. To help with this process we asked experts from across the country to share their top tips with you.
1. Don’t try to rush through the process
A big mistake that experienced real estate buyers make is that they try to rush through the process. They feel like they understand exactly how it is going to work because they have bought a home before. So, they end up rushing, making a few key mistakes in the process. Remember that this is an important financial decision with substantial legal implications and it is important to take the time to get it right. Nobody should try to rush through this process when they are looking for a new home. -David Rocheford, The Law Office of David R. Rocheford, Jr.
2. Understand how much paperwork is involved
Attorney’s wish buyers and sellers understood just how much paperwork will be involved! Many first-time buyers and sellers think they’ll sign their name once and the closing will be complete. In reality, buyers and sellers need to sign 10+ documents, and often much more! -Sean O’Dowd, Close Concierge
3. Have your funds squared away before you start house hunting
A good real estate agent will tell you to always know where the money is coming from before you even start looking. In real estate, acting fast gives you a HUGE advantage over other buyers. If your dream home goes on the market, you want to be ready to put in an offer as soon as possible. In order to do that, you need to have the funds already squared away so that you can make the most competitive offer upfront. -Agent Advice
4. Be prepared to make fast, difficult decisions One thing that buyers need to be prepared for is the incredible speed at which they need to make major financial decisions. In a hot market like Phoenix, Denver, Boise or Salt Lake City it’s hard to find a median-priced, detached, single-family home that survives past the first weekend. When a buyer asks “what do you think we should offer?”, I tell them that if you really want this house you need to make your best and final offer up front. In 2021 the asking price is more like the starting bid at an auction and the cash-heavy, decisive buyers are winning. -Michael Bennett, Atlas Real Estate
5. Hire a good home inspector
A competent home inspector can uncover expensive construction defects you may not see during a walkthrough of your potential dream home – allowing you to walk away before closing. However, if you discover a problem after closing that the sellers did not reveal, your options are to pay for the fix yourself or file a failure to disclose lawsuit. So do yourself a solid: hire a good home inspector. -Robinson & Henry, P.C.
6. Don’t forget to update your estate plan
One of the biggest mistakes we see is when clients forget to update their estate plan with the new home or property recently purchased. Specifically, the mistake occurs by not updating their plan to include the deed and title to their new home in their Will or titling the new asset incorrectly. Secondly, it’s important to give implicit instructions on how you would like your home or property distributed upon your death, including any joint owners with right of survivorship. It is integral to update your estate plan every three years or after key life events, such as moving to a new state and/or selling or buying a new home. -Wiles Law
7. Understand your credit score
It’s so important to Understand your credit score and what type of impact that is going to have on your ability to get a mortgage and finance the home you intend to purchase. Knowing your credit score is one of the best tips we can give to buyers who want to begin the home buying journey because it truthfully starts with being ‘able’ to buy a house. If you are not able to buy a house then you need to figure out what needs to happen in order for you to be able to, and that begins with understanding your credit score and personal finances. -Ryan Fitzgerald, UpHomes
8. Take time to properly complete the seller disclosure
When selling a home take the time to properly complete the required seller disclosure. Failing to disclose information about your home that could materially impact a buyer’s decision to purchase can result in legal liability. Read the questions carefully and answer truthfully and completely. In certain situations, it may be prudent to seek legal advice in complying with disclosure requirements. -Bailey Law Firm
9. Know that a Real Estate Attorney can save you money
I wish that home buyers and sellers knew that using a Utah real estate attorney can eliminate a large amount of commission owed to a Real Estate agent. A Real Estate Attorney is also an expert in drafting contracts and can craft and create a sale agreement that specifically protects your interests. -Brian K. Jackson, Brian K. Jackson, LLC
10. Talk with your agent to find out when you will have access to your new home
In South Carolina, there are some counties in which, traditionally, the keys are not transferred to the buyer until after the deed records. Recording can sometimes be delayed until the day after closing, therefore, please speak with your Agent to discuss when you will be given access to the property. -Angie D. Knight, Grand Strand Law Group, LLC
11. Be aware that buyers need their own title insurance policies
Buyers need their own title insurance policies! Title problems could be as mundane as a border dispute and the insurance policy you bought for your lender will not provide any coverage. Only your own title insurance policy can protect you and they are relatively inexpensive compared to what you could be paying in future lawyer fees. -Phillip A. Curiale, Curiale Hostnik PLLC
12. Communication is the key to a successful closing
When a closing attorney reaches out to the consumer there is a genuine purpose. Most often the closing attorney is in need of vital information that will keep the closing on schedule. For example, the closing attorney may reach out to the seller to get mortgage account information, homeowners association contact information, or the last four digits of social security numbers so that the closing attorney can get information to clear liens. The closing attorney may also reach out to a buyer for information about the lender, whether or not the buyer wants a survey, how the buyer intends to hold title, or if the buyer plans to attend closing or close via power of attorney. Thus, when the closing attorney’s office reaches out to the consumer it is imperative that the consumer respond immediately as the request is most often time-sensitive. -Blair Cato Pickren Casterline, Podcast: Dishin’ Dirt
Originally Published on Redfin
Seattle, WA
By: Lexi Klinkenberg
Lexi is part of the content marketing team and enjoys writing about real estate and design trends. Her dream home would be a contemporary home with an open floor plan, lots of windows, and a waterfront view.
Oftentimes when there is a sale of property the seller happens to be an “Estate”, essentially this means that the owner of the property has passed away and an Estate has been opened in the applicable Probate Court.
So, what happens now? The process of opening an Estate involves several steps that must occur before a Personal Representative is appointed and empowered to make a conveyance of estate property. Additionally, even after appointment there are still strict rules that must be followed for a Personal Representative to make a valid conveyance. Every estate opened with either have a will (testate) or not have a will (intestate), either way both will have certain issues that come up.
If an individual passes away without a will the decedent will be considered to have passed away intestate and testate if there was a will. One very big issue in the context of an intestate estate is that there is no will, and if there is no will there is no power to sell in the will, so before a Personal Representative can affect a conveyance of property they would need to obtain a license to sell from the probate court which can take several weeks. Its also not simply enough to have a will to avoid this issue, a will must contain specific language before a Personal Representative is considered to have been granted a power of sale in a will. All too often a poorly drafted will or a “do-it-yourself will” will not have a sufficient power of sale in it, if it has one at all.
Additionally, the Personal Representative is a Fiduciary of the Estate and has a responsibility to the heir/devises of the Decedent and owes them a duty to handle the affairs of the estate property. One very common error are deeds from an estate for nominal consideration (1.00) basically a Personal Representative cannot “gift” property or give it away as it is presumed that a conveyance for nominal consideration is a gift and would likely be considered “a breach of their fiduciary duty” in the same way that a deed executed pursuant to a power of attorney for nominal consideration. The statutes indicate that a Fiduciary Deed must be “for value”.
Another common issue is the time at which a devisee has the power to convey after having taken title through a probate. Basically, an estate has to be “closed” pursuant to the court allowing a “petition for complete settlement and distribution”, at that point the estate property has passed to the heir or devisees as may be the case. Generally, an estate cannot be closed for at least a year as that is the statutory time given for any potential claims against the estate to be filed. Its not infrequent that a Complete Order of Settlement and Distribution is never filed. Under that set of facts it is presumed that after 6 years an heir/devisee has the power to convey from an estate that was never formerly closed as the statutory time in which a Fiduciary has to petition the court to sell estate property for “costs or expenses of administration” will have passed.
Naturally, the conveyance from an estate is ripe with the possibility for errors for the inexperienced conveyancer and its very important to have an experienced conveyancing attorney involved with your transaction as these issues can be spotted early on and resolved as quickly as possible.
As always please contact this office for more information.
Traditionally, a paper Promissory Note associated with a real estate mortgage is a printed paper document which bears the personal ink signature of the borrower. This paper note has an actual “cash” value and the original physical note is held by the lender as if it were actual cash. Unlike a traditional paper note, and eNote is strictly in digital form and must be retained in a secure, digital environment called eVaults, not unlike crypto currency. Watch the video to learn more.
By Attorney Nicholas Thalheimer, Esq.